Inno Holdings Inc. (NASDAQ:INHD) Short Interest Update

Inno Holdings Inc. (NASDAQ:INHD) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 13,279,105 shares, a growth of 1,211.4% from the April 15th total of 1,012,609 shares. Approximately 3,154.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 70,178,415 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Inno

Several hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in Inno during the 4th quarter valued at about $36,000. Jane Street Group LLC bought a new position in Inno during the 4th quarter valued at about $75,000. T3 Companies LLC bought a new position in Inno during the 4th quarter valued at about $41,000. Two Sigma Investments LP bought a new position in Inno during the 3rd quarter valued at about $58,000. Finally, Geode Capital Management LLC grew its holdings in Inno by 48.6% during the 2nd quarter. Geode Capital Management LLC now owns 31,128 shares of the company’s stock valued at $43,000 after purchasing an additional 10,177 shares during the last quarter. 0.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of Inno from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Weiss Ratings restated a “sell (e+)” rating on shares of Inno in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Inno Trading Down 9.8%

Shares of NASDAQ:INHD opened at $1.48 on Tuesday. The company has a market capitalization of $621,600.00, a price-to-earnings ratio of -0.20 and a beta of -2.69. Inno has a 12 month low of $1.48 and a 12 month high of $9,494.40. The firm’s 50-day moving average is $12.63 and its 200 day moving average is $99.96.

Inno Company Profile

Inno Holdings Inc manufactures and sells cold-formed-steel members, castor cubes, mobile factories, and prefabricated homes in the United States. The company provides cold-formed steel framing and a mobile factory for off-site equipment rental, sales, service, and support. It serves in residential, commercial, industrial, and infrastructure projects. Inno Holdings Inc was founded in 2019 and is headquartered in Brookshire, Texas.